REAL INSIGHT. NO NOISE.
Reverse Mortgage
Reverse Mortgage Principal Limit Watch
Daily 10-year CMT rates for the week of Oct 26. The full week determines the index scheduled for Tuesday, Nov 3.
| Monday | Tuesday | Wednesday | Thursday | Friday |
|---|---|---|---|---|
| 5.00% | 4.99% | 5.05% | 4.98% | 4.94% |
Running average: 4.992% (provisional)
CURRENT EXPECTED RATE INDEX
5.125%
Good through Monday, Nov 2
ESTIMATED NEXT INDEX
5.000%
Scheduled for Tuesday, Nov 3 if confirmed
The running index is 8 basis points lower. If confirmed, HECM principal limits would generally increase.
Source: U.S. Treasury daily 10-year CMT. Index boxes are rounded to the nearest 0.125%; the running average is shown to three decimals. The borrower’s actual expected rate also includes lender margin, and proceeds depend on the principal limit factor and loan details.